5,704 Shares in Cullen/Frost Bankers, Inc. $CFR Bought by Financial Planning Hawaii Inc.

Financial Planning Hawaii Inc. purchased a new stake in Cullen/Frost Bankers, Inc. (NYSE:CFR) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 5,704 shares of the bank’s stock, valued at approximately $722,000.

A number of other large investors have also recently bought and sold shares of the company. Cullen Frost Bankers Inc. increased its stake in Cullen/Frost Bankers by 62.0% in the third quarter. Cullen Frost Bankers Inc. now owns 38,734 shares of the bank’s stock valued at $4,910,000 after acquiring an additional 14,831 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Cullen/Frost Bankers by 3,892.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 100,368 shares of the bank’s stock worth $12,901,000 after purchasing an additional 97,854 shares during the last quarter. Truist Financial Corp boosted its holdings in shares of Cullen/Frost Bankers by 21.8% in the 3rd quarter. Truist Financial Corp now owns 40,306 shares of the bank’s stock valued at $5,110,000 after purchasing an additional 7,217 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of Cullen/Frost Bankers by 3.4% in the 2nd quarter. Legal & General Group Plc now owns 100,690 shares of the bank’s stock valued at $12,943,000 after purchasing an additional 3,313 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of Cullen/Frost Bankers by 1,578.9% in the 3rd quarter. SG Americas Securities LLC now owns 18,686 shares of the bank’s stock valued at $2,369,000 after purchasing an additional 17,573 shares during the last quarter. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Cullen/Frost Bankers Stock Up 1.3%

Shares of CFR opened at $135.50 on Tuesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.67 and a current ratio of 0.67. Cullen/Frost Bankers, Inc. has a 52 week low of $100.31 and a 52 week high of $148.97. The stock has a market capitalization of $8.53 billion, a price-to-earnings ratio of 13.66, a PEG ratio of 4.91 and a beta of 0.63. The stock has a fifty day moving average of $138.85 and a 200-day moving average of $131.18.

Cullen/Frost Bankers (NYSE:CFR) last issued its quarterly earnings data on Thursday, January 29th. The bank reported $2.56 earnings per share for the quarter, topping analysts’ consensus estimates of $2.47 by $0.09. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $578.05 million. Cullen/Frost Bankers had a return on equity of 15.49% and a net margin of 22.21%.During the same quarter in the previous year, the company posted $2.36 EPS. As a group, sell-side analysts anticipate that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Friday, February 27th. Cullen/Frost Bankers’s payout ratio is 40.32%.

Insider Activity

In related news, EVP Bobby Berman sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $137.07, for a total value of $137,070.00. Following the completion of the transaction, the executive vice president owned 28,406 shares in the company, valued at $3,893,610.42. This trade represents a 3.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.14% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CFR. Loop Capital set a $160.00 price target on Cullen/Frost Bankers in a report on Monday, February 2nd. DA Davidson raised their price objective on Cullen/Frost Bankers from $136.00 to $144.00 and gave the company a “neutral” rating in a research note on Friday, January 30th. TD Cowen reiterated a “positive” rating on shares of Cullen/Frost Bankers in a research report on Monday, February 2nd. Barclays increased their target price on shares of Cullen/Frost Bankers from $140.00 to $150.00 and gave the stock an “equal weight” rating in a report on Friday, January 30th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Cullen/Frost Bankers from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Friday, January 30th. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $142.67.

Cullen/Frost Bankers Company Profile

Cullen/Frost Bankers, Inc is the holding company for Frost Bank, a Texas-chartered financial institution whose origins date back to 1868 in San Antonio. As one of the oldest banking organizations in the state, it offers a broad range of services to individuals, small and large businesses, and institutional clients. Core banking activities include commercial lending, deposit services, cash management and trade finance, while consumer products cover residential mortgages, personal lines of credit and home equity loans.

Beyond traditional banking, the company provides comprehensive treasury and equipment leasing solutions tailored to support working capital and capital expenditure requirements.